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Politics : Idea Of The Day

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To: Lee who wrote (16428)	1/15/1998 10:32:00 PM
From: IQBAL LATIF	Read Replies (2) of 50167

Lee I am taking my cue from Matif and Bund I will see an erosion there- some reluctance on part of biggies to sell only after 'flight' worries are off- look at the yield curve and Phily like you have very rightly pointed- this will come from Europe I am hearing rumours in thep pits last night in Paris that Euro will be a disaster and Germany may need a refrendum but I take all these rumours with a pinch of salt- 103,30 was teste many a times translates to yield of 5% but so far we have not been able to break it- once this is decided as a top = top heavy Matif may just give up- I am loking at this closely and will move in as soon 102,70 is decisively taken out- my move on bund and Matif will mirror my trade on TB;'s I just see this consolidatin thingie to hard to ignore- keep a close watch on Matif-- one of these days we will see this consolidation move- I am expecting more than 1/2 point.

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